Our Competitive Advantage
Graceada Partners’ competitive advantage rests on the long-term partnership between Joe and Ryan—a partnership built on 35 years of friendship and mutual respect. Their partnership allows them to create an environment that fosters competitiveness and innovation.
Having started the company during the Great Recession, they have helped clients navigate the best possible outcomes for their properties and gained significant experience managing through distress. This experience has been formative in how they evaluate and underwrite every investment.
History
1986
Ryan and Joe meet in third grade at Fremont Elementary School in Modesto, CA. They’ve been friends ever since.
2005
Joe and Ryan start in commercial real estate investment, brokerage and asset management with a Modesto–based firm that owns a portfolio of $80M+ in commercial real estate.
2008
Joe and Ryan found NAI Benchmark to manage and broker commercial real estate throughout California’s Central Valley.
They changed the name to “Graceada Partners” to reflect the firm’s pivot from a third-party commercial real estate service provider to a full-time investor and fund manager. The name derives from Modesto’s prominent downtown outdoor space—Graceada Park.
The firm’s new goal: become a trusted and long-term partner with its investors.
2013
Graceada Partners purchases its first commercial real estate investment—a mixed-use property in downtown San Leandro.
2015
Graceada Partners acquires several other properties in the Modesto region and manages to lease them up with great success. Some properties are sold at a profit. Other properties are held onto for continuing cashflow.
2017
Graceada Partners takes its next big step—a $6.9 million purchase of a former Post Foods plant in Modesto. The firm sells the property a year later at a significant profit.
At year-end, Graceada Partners acquires its seventh investment property.
2018
For $12.5 million, Graceada Partners purchases Sylvan Square, a senior-focused lifestyle center.
For $12.8 million, Graceada Partners acquires Century Center, a 200K-square-foot retail center. The property required significant investment to increase its value., and was sold in 2020 for $24.7M—nearly double the purchase price!
2019
Graceada Partners Fund I launches and is fully invested in $30 million of assets in 12 months
2020
Graceada Partners Fund II launches, raising $41 million of equity (including coinvest) and is fully invested in 16 months
2021
Graceada Partners Fund III launches, raising $100 million of equity (including co-invest), with an acquisition pipeline of $390 million. Three successful dispositions (two fund assets and one prior syndication).
TODAY
Graceada Partners has a vertically integrated team of 60+ professionals in asset management, property management, construction management, property and fund accounting and is currently investing Graceada Partners Fund IV.
